NASDAQ:ARTNA

Artesian Resources (ARTNA) Stock Price, News & Analysis

$35.15
+0.31 (+0.89%)
(As of 01:29 PM ET)
Today's Range
$34.66
$35.24
50-Day Range
$33.72
$37.11
52-Week Range
$33.42
$57.69
Volume
11,100 shs
Average Volume
36,887 shs
Market Capitalization
$361.69 million
P/E Ratio
21.17
Dividend Yield
3.30%
Price Target
N/A

Artesian Resources MarketRank™ Stock Analysis

Analyst Rating
N/A
Upside/​Downside
N/A
Short Interest
Bearish
1.66% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
5.53%
From $1.99 to $2.10 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.38 out of 5 stars

Utilities Sector

74th out of 88 stocks

Water Supply Industry

12th out of 12 stocks

ARTNA stock logo

About Artesian Resources Stock (NASDAQ:ARTNA)

Artesian Resources Corporation, through its subsidiaries, provides water, wastewater, and other services in Delaware, Maryland, and Pennsylvania. The company distributes and sells water to residential, commercial, industrial, governmental, municipal, and utility customers, as well as for public and private fire protection in the states of Delaware, Maryland, and Pennsylvania; and offers wastewater collection, treatment infrastructure, and wastewater services to customers in Delaware. It also provides contract water and wastewater services; water, sewer, and internal service line protection plans; and wastewater management services, as well as design, construction, and engineering services. In addition, the company offers services to other water utilities, including operations and billing functions; owns real estate properties, including land for office buildings, a water treatment plant, and wastewater facility; and provides design, installation, maintenance, and repair services related to existing or proposed storm water management systems. As of December 31, 2023, it served approximately 95,900 customers in Delaware; 2,600 customers in Maryland; and 40 customers in Pennsylvania through 1,470 miles of transmission and distribution mains. Artesian Resources Corporation was founded in 1905 and is headquartered in Newark, Delaware.

ARTNA Stock Price History

ARTNA Stock News Headlines

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Recap: Artesian Resources Q4 Earnings
Artesian Resources: Q4 Earnings Snapshot
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See More Headlines
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Company Calendar

Ex-Dividend for 2/23 Dividend
2/08/2024
Dividend Payable
2/23/2024
Last Earnings
3/13/2024
Today
4/23/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Water supply
Sub-Industry
Water Utilities
Current Symbol
NASDAQ:ARTNA
CUSIP
04311320
Employees
251
Year Founded
1905

Profitability

Net Income
$16.70 million
Pretax Margin
16.89%

Debt

Sales & Book Value

Annual Sales
$98.86 million
Cash Flow
$2.92 per share
Book Value
$22.42 per share

Miscellaneous

Free Float
8,170,000
Market Cap
$358.50 million
Optionable
Not Optionable
Beta
0.18

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ARTNA Stock Analysis - Frequently Asked Questions

How have ARTNA shares performed in 2024?

Artesian Resources' stock was trading at $41.45 at the beginning of 2024. Since then, ARTNA shares have decreased by 15.5% and is now trading at $35.04.
View the best growth stocks for 2024 here
.

Are investors shorting Artesian Resources?

Artesian Resources saw a increase in short interest during the month of March. As of March 31st, there was short interest totaling 171,100 shares, an increase of 23.0% from the March 15th total of 139,100 shares. Based on an average daily volume of 37,100 shares, the days-to-cover ratio is currently 4.6 days.
View Artesian Resources' Short Interest
.

When is Artesian Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our ARTNA earnings forecast
.

How were Artesian Resources' earnings last quarter?

Artesian Resources Co. (NASDAQ:ARTNA) issued its quarterly earnings data on Wednesday, March, 13th. The utilities provider reported $0.34 EPS for the quarter. The utilities provider earned $24.55 million during the quarter. Artesian Resources had a net margin of 16.89% and a trailing twelve-month return on equity of 7.62%.

How often does Artesian Resources pay dividends? What is the dividend yield for Artesian Resources?

Artesian Resources declared a quarterly dividend on Monday, January 29th. Investors of record on Friday, February 9th will be paid a dividend of $0.29 per share on Friday, February 23rd. This represents a $1.16 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Thursday, February 8th.
Read our dividend analysis for ARTNA
.

Is Artesian Resources a good dividend stock?

Artesian Resources (NASDAQ:ARTNA) pays an annual dividend of $1.16 per share and currently has a dividend yield of 3.32%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 69.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ARTNA will have a dividend payout ratio of 55.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ARTNA.

What ETFs hold Artesian Resources' stock?

ETFs with the largest weight of Artesian Resources (NASDAQ:ARTNA) stock in their portfolio include ProShares Russell 2000 Dividend Growers ETF (SMDV) and Global X Clean Water ETF (AQWA).Invesco Water Resources ETF (PHO).

What is Dian C. Taylor's approval rating as Artesian Resources' CEO?

7 employees have rated Artesian Resources Chief Executive Officer Dian C. Taylor on Glassdoor.com. Dian C. Taylor has an approval rating of 48% among the company's employees. This puts Dian C. Taylor in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies. 46.0% of employees surveyed would recommend working at Artesian Resources to a friend.

How do I buy shares of Artesian Resources?

Shares of ARTNA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:ARTNA) was last updated on 4/23/2024 by MarketBeat.com Staff

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